Can I retire at age 66 with 13,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,026,139
2 years$547,802$537,599$527,712$518,125$508,826$466,639
3 years$361,573$351,327$341,464$331,968$322,820$282,170
4 years$268,478$258,263$248,499$239,164$230,238$191,434
5 years$212,635$202,481$192,845$183,701$175,023$138,164
6 years$175,418$165,341$155,848$146,907$138,490$103,599
7 years$148,845$138,853$129,510$120,780$112,629$79,694
8 years$128,925$119,023$109,835$101,320$93,437$62,423
9 years$113,439$103,631$94,601$86,302$78,687$49,549
10 years$101,058$91,345$82,475$74,393$67,046$39,725
11 years$90,935$81,319$72,610$64,744$57,661$32,096
12 years$82,505$72,988$64,439$56,789$49,968$26,088
13 years$75,377$65,960$57,572$50,137$43,573$21,307
14 years$69,273$59,956$51,729$44,506$38,196$17,468
15 years$63,987$54,771$46,704$39,691$33,631$14,365
16 years$59,367$50,251$42,344$35,539$29,723$11,842
17 years$55,295$46,279$38,532$31,932$26,354$9,783
18 years$51,679$42,764$35,174$28,777$23,433$8,095
19 years$48,447$39,633$32,200$26,002$20,887$6,707
20 years$45,542$36,829$29,552$23,550$18,656$5,564
21 years$42,918$34,305$27,182$21,373$16,695$4,619
22 years$40,535$32,022$25,053$19,433$14,965$3,838
23 years$38,362$29,950$23,132$17,698$13,433$3,191
24 years$36,374$28,061$21,393$16,142$12,074$2,655
25 years$34,547$26,334$19,814$14,742$10,865$2,209
26 years$32,864$24,750$18,376$13,479$9,787$1,839
27 years$31,308$23,292$17,064$12,338$8,824$1,532
28 years$29,866$21,948$15,863$11,304$7,962$1,276
29 years$28,525$20,706$14,762$10,366$7,189$1,063
30 years$27,277$19,554$13,750$9,513$6,496$886
31 years$26,111$18,485$12,819$8,737$5,873$738
32 years$25,020$17,491$11,960$8,030$5,312$615
33 years$23,997$16,564$11,168$7,384$4,808$513
34 years$23,037$15,699$10,434$6,794$4,353$428
35 years$22,134$14,890$9,755$6,254$3,943$357
36 years$21,282$14,133$9,126$5,760$3,572$297
37 years$20,479$13,423$8,542$5,307$3,238$248
38 years$19,720$12,757$7,999$4,892$2,935$207
39 years$19,001$12,130$7,494$4,510$2,662$172
40 years$18,320$11,541$7,024$4,160$2,414$144
41 years$17,674$10,986$6,586$3,838$2,190$120
42 years$17,060$10,463$6,178$3,542$1,987$100
43 years$16,477$9,969$5,798$3,270$1,804$83
44 years$15,921$9,502$5,442$3,019$1,637$70
45 years$15,392$9,061$5,110$2,788$1,486$58
46 years$14,887$8,644$4,799$2,576$1,350$48
47 years$14,405$8,249$4,509$2,380$1,225$40
48 years$13,945$7,875$4,237$2,199$1,113$34
49 years$13,504$7,520$3,983$2,032$1,011$28
50 years$13,083$7,184$3,744$1,878$918$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,400,000, adding $6,705 every year, while hoping to spend $58,811 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/38/22 Blend
65$13,400,000$13,400,000$13,400,000$13,400,000
66$14,773,716$14,063,516$13,855,816$15,268,188
67$16,218,061$14,690,054$14,257,412$16,250,558
68$17,807,757$15,345,321$14,670,489$17,306,552
69$19,557,570$16,030,663$15,095,372$18,447,801
70$21,483,766$16,747,490$15,532,391$19,682,115
71$23,604,271$17,497,277$15,981,887$21,018,060
72$25,938,836$18,281,573$16,444,209$22,465,040
73$28,509,225$19,101,998$16,919,718$24,033,375
74$31,339,419$19,960,249$17,408,782$25,734,398
75$34,455,844$20,858,106$17,911,780$27,580,552
76$37,887,619$21,797,431$18,429,103$29,585,505
77$41,666,828$22,780,178$18,961,151$31,764,268
78$45,828,829$23,808,391$19,508,334$34,133,337
79$50,412,582$24,884,214$20,071,075$36,710,836
80$55,461,018$26,009,893$20,649,808$39,516,682
81$61,021,444$27,187,780$21,244,979$42,572,768
82$67,145,991$28,420,341$21,857,046$45,903,161
83$73,892,103$29,710,159$22,486,478$49,534,317
84$81,323,080$31,059,940$23,133,758$53,495,331
85$89,508,679$32,472,521$23,799,383$57,818,191
86$98,525,763$33,950,874$24,483,861$62,538,083
87$108,459,037$35,498,112$25,187,717$67,693,703
88$119,401,839$37,117,501$25,911,486$73,327,619
89$131,457,027$38,812,458$26,655,721$79,486,659
90$144,737,944$40,586,569$27,420,988$86,222,343
91$159,369,492$42,443,589$28,207,869$93,591,356
92$175,489,309$44,387,453$29,016,961$101,656,075
93$193,249,067$46,422,287$29,848,878$110,485,141
94$212,815,906$48,552,413$30,704,249$120,154,095
95$234,374,009$50,782,362$31,583,722$130,746,079
96$258,126,340$53,116,880$32,487,960$142,352,603
97$284,296,565$55,560,945$33,417,644$155,074,396
98$313,131,154$58,119,771$34,373,475$169,022,344
99$344,901,716$60,798,824$35,356,170$184,318,512
100$379,907,558$63,603,834$36,366,469$201,097,286